Limitation on Equity Payments. 8.07. Limitation on Investments, Advances and Loans................ 8.08.
Limitation on Equity Payments. Make any Equity Payment, except that, as long as no Default or Event of Default has occurred and is continuing, or would be caused thereby, and if no other provision contained herein will be violated by the disbursement of such Equity Payment, Borrower may make Equity Payments described on SCHEDULE 8.06 hereto. Before making any Equity Payment in accordance with this SECTION 8.06, Borrower shall deliver to Lender a certificate of a Responsible Officer of Borrower, setting forth in detail the calculation supporting the Borrower's compliance with the financial covenants, stating that no Material Adverse Change has occurred since the date of the latest financial statement delivered pursuant to SECTION 7.01(a), and stating that no Default or Event of Default has occurred and is continuing or will be caused by such Equity Payment.
Limitation on Equity Payments. Make any Equity Payment, except that, as long as no Default or Event of Default has occurred and is continuing, or would be caused thereby, and if no other provision contained herein will be violated by the disbursement of such Equity Payment, Borrower may make Equity Payments described on Schedule 8.06 hereto. Before making any Equity Payment in accordance with this Section 8.06, Borrower shall deliver to Lender a certificate of a Responsible Officer of Borrower, setting forth in detail the calculation supporting the Borrower's compliance with the financial covenants in Schedule 7.15, stating that no Material Adverse Change has occurred since the date of the latest financial statement delivered pursuant to Section 7.01(a), and stating that no Default or Event of Default has occurred and is continuing or will be caused by such Equity Payment.
Limitation on Equity Payments. Make any Equity Payment, except that, as long as no Default or Event of Default is continuing, or would be caused thereby, and if no other provision contained herein will be violated by the disbursement of such Equity Payment, Borrower may make Equity Payments described on Schedule 8.05 hereto. Before making any Equity Payment in accordance with this Section 8.05, Borrower shall deliver to Lender a certificate of a Responsible Officer of Borrower, setting forth in detail the calculation supporting Borrower's compliance with the financial covenants, stating that no Material Adverse Change has occurred since the date of the latest financial statement delivered pursuant to Section 7.01(a), and stating that no Default or Event of Default has occurred and is continuing or will be caused by such Equity Payment.
Limitation on Equity Payments. In the case of Holdings, make any Equity Payment and, in the case of any other Loan Party, make any Equity Payment to a Person other than Holdings, except with respect to Disqualified Stock issued as consideration for a Permitted Acquisition.
Limitation on Equity Payments. Make any Equity Payment to any ----------------------------- Person, except that, as long as no Default or Event of Default has occurred and is continuing, or would be caused thereby, and if no other provision contained herein will be violated by the disbursement of such Equity Payment, Borrowers may make Equity Payments described on Schedule 8.06 hereto. Before making any ------------- Equity Payment in accordance with this Section 8.06, a Borrower shall deliver to ------------ Lender a certificate of a Responsible Officer of such Borrower, setting forth in detail the calculation supporting BNH's compliance with the financial covenants, stating that no Material Adverse Change has occurred since the date of the latest financial statement delivered pursuant to Section 7.01(a), and stating --------------- that no Default or Event of Default has occurred and is continuing or will be caused by such Equity Payment.
Limitation on Equity Payments. Make any Equity Payment, except that, as long as no Default or Event of Default has occurred and is continuing, or would be caused thereby, and if no other provision contained herein will be violated by the disbursement of such Equity Payment, Borrower or Guarantor may make Equity Payments to the extent that such Equity Payments do not reduce Guarantor's Debt Service Coverage Ratio below 1.25:1.00 or Guarantor's Cash balance below $1,000,000.00, measured as of the day following such Equity Payment, or violate the covenants of Section 4.07 or Section 4.09 in the Indenture, as such sections may be amended from time to time, which are hereby incorporated into this Agreement by reference until all of the Guarantor's obligations under the Indenture are paid in full. In addition, Borrower may make Equity Payments to Guarantor or to any other Restricted Subsidiary (as that term is defined in the Indenture) at any time and such payments shall not be a violation of this provision.
Limitation on Equity Payments. Declare or make, or agree to pay or ----------------------------- make, directly or indirectly, any Restricted Payment (or incur any obligation to do so), except (a) each of the Subsidiary may declare and pay dividends with respect to its Capital Stock payable solely in additional shares of its common stock, (b) Subsidiaries may declare and pay dividends to their shareholders with respect to their Capital Stock ratably to Telscape, each Subsidiary and other Person then holding Capital Stock of such Subsidiary (based on the ownership interest of each such shareholder at such time without regard to class), (c) Subsidiaries may make payments to their shareholders on account of the redemption of their Capital Stock ratably to Telscape, each Subsidiary and other Person then holding Capital Stock of such Subsidiary (based on the ownership interest of each such shareholder at such time without regard to class), (d) Subsidiaries may declare and pay dividends to each other and to Telscape with respect to their Capital Stock, or (e) Telscape may declare and pay Permitted Preferred Cash Dividends; provided that any Restricted Payment otherwise -------- permitted pursuant to this Section shall not be permitted unless the Borrower shall have delivered or caused to be delivered the Lender, prior to such Restricted Payment, a certificate signed by a Responsible Officer setting forth the amount of such Restricted Payment and certifying that all conditions to such Restricted Payment are satisfied.
Limitation on Equity Payments. 72 9.6 Prohibition on Sale or Issuance of Stock..........................72 9.7 Limitation on Investments, Advances and Loans.....................72 9.8
Limitation on Equity Payments. In the case of Holdings, make any Equity Payment and, in the case of any other Loan Party, make any Equity Payment to a Person other than Holdings.
